China Faces EU Tariffs on Electric Vehicles as Trade Dispute Grows
The European Union has initiated a significant economic measure against China by imposing tariffs on electric vehicles (EVs), escalating the risk of retaliatory actions and potential repercussions for domestic businesses…
Strong AI Demand Propels Foxconn to Record Third-Quarter Revenue
Foxconn, the world’s largest contract electronics manufacturer, has exceeded market expectations, posting record third-quarter revenue driven by robust demand for artificial intelligence (AI) servers. Revenue surged 20.2% year-on-year to T$1.85…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
AI Chip Market Challenges Threaten Samsung’s Profit Growth
Samsung Electronics is expected to report a substantial recovery in quarterly profit, with projections of over a four-fold increase to 10.33 trillion won ($7.67 billion) for the quarter ending September…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…
Chinese Cyberattack Targets U.S. Broadband Providers and Wiretap Systems
Chinese hackers infiltrated the networks of U.S. broadband providers, accessing systems used by the federal government for court-authorized wiretapping, according to a Wall Street Journal report. The intrusion, targeting networks…
Taiwan’s New AML Laws Put Crypto Firms on Notice
The Financial Supervisory Commission (FSC) of Taiwan has introduced a set of new Anti-Money Laundering (AML) regulations that local virtual asset service providers (VASPs) must comply with by 2025. This…
Palworld Pushes Mobile Launch Despite Nintendo Lawsuit
Palworld, the creature-catching game often referred to as “Pokémon with guns,” is pressing forward with its mobile launch plans, despite a patent infringement lawsuit from Nintendo. The indie developer Pocketpair…
WuXi AppTec Explores Sale of Key Units Amid U.S. Restrictions
China’s WuXi AppTec and WuXi Biologics are considering the sale of parts of their pharmaceutical operations as U.S. national security concerns tighten restrictions on Chinese biotech firms. WuXi AppTec is…
Banks to Join SWIFT Digital Asset Trials in 2025
Banks across North America, Europe, and Asia are gearing up to participate in upcoming trials involving digital assets organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). On October…
Aptos Labs Enters Japan Through HashPalette Acquisition
Aptos Labs, the developer behind the Aptos Network, has taken a significant step to expand its presence in Asia by signing an agreement to acquire HashPalette, a Japanese non-fungible token…
Tesla and Chinese Automakers Face Increased EU Tariffs on EV Imports
The European Commission plans to impose additional tariffs on electric vehicles (EVs) imported from China, in response to an anti-subsidy investigation. These tariffs, set to supplement the EU’s standard 10%…
KKR Explores Potential Takeover Bid for Chip Equipment Maker ASMPT
U.S. private equity firm KKR is reportedly considering a takeover bid for ASMPT, a Hong Kong-listed chip equipment maker. The report, initially shared by Bloomberg News, cites sources familiar with…
Australian Federal Police ‘Decipher’ Seed Phrase to Access Suspect’s $6.4 Million in Cryptocurrency
The Australian Federal Police (AFP) recently announced that they successfully “deciphered” a seed phrase, allowing them to access $6.4 million (approximately 9.3 million Australian dollars) in cryptocurrency linked to a…
Nintendo Opens New Museum in Kyoto Celebrating 135 Years
Nintendo has launched a new museum in Kyoto, showcasing 135 years of history, from its beginnings as a playing card company to its current status as a global entertainment powerhouse.…
China Invests Over $100 Billion in Overseas Clean Energy Projects, Research Finds
Chinese firms have invested over $100 billion in overseas clean energy technology projects since 2023, according to research from Australian group Climate Energy Finance (CEF). The substantial investments aim to…
Nio and Monolith Join Forces for Real-Time AI Testing of EV Batteries
Nio has partnered with Monolith, a UK-based artificial intelligence software startup, to enhance real-time testing and improvement of electric vehicle (EV) battery packs. Leveraging Nio’s battery swapping service in Europe,…
Huawei Announces Meng Wanzhou as New Rotating Chairperson
Huawei announced that Meng Wanzhou has officially taken over as the rotating chairperson of the company for the next six months, replacing Eric Xu. Meng, who is the daughter of…
Indonesia’s Postal Service Introduces NFT-Enabled Postage Stamps
Pos Indonesia, the national postal service of Indonesia, has pioneered its first postage stamps integrated with non-fungible tokens (NFTs), blending age-old traditions with cutting-edge blockchain technology. The announcement made via…
China appeals to WTO over Canada’s new tariffs on EVs and metal imports
China has filed an appeal to the World Trade Organization (WTO) to challenge Canada’s tariffs on electric vehicles (EVs), steel, and aluminum products. The Chinese Ministry of Commerce announced this…